This property looks like a bad Airbnb investment with a projected -16.72% first-year return on $119k initial cash invested.
-16.72%
Cash On Cash
2.68%
Cap Rate
0.41
DSCR
$3,376
Rent
-$1,655
Cashflow
Cash Flow
$3,376 income − $5,031 expenses = $1,655 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,000
Closing costs
1%
$4,800
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,376
Total Expenses
$5,031
Mortgage P&I
77%
$2,593
Property Taxes
19%
$650
Home Insurance
5%
$168
HOA
0%
$0
Property Management
15%
$506
CapEx
4%
$135
Vacancy
0%
$0
Maintenance
4%
$135
Other
25%
$844